M&A

Zomato denies an acquisition offer for Shiprocket amidst market speculation

22 Dec 2023

In response to recent reports suggesting a potential $2 billion acquisition offer for delivery platform Shiprocket, Zomato has strongly denied the claims.

Zomato explores a $2 billion acquisition of Shiprocket

21 Dec 2023

In a strategic move, Zomato, the renowned food delivery platform spearheaded by Deepinder Goyal, is eyeing the acquisition of Shiprocket, a prominent e-commerce shipping startup.

CCI approves Nirma’s acquisition of 75% stake in Glenmark Life Sciences

21 Dec 2023

The Competition Commission of India (CCI) has approved acquisition of majority shareholding of Glenmark Life Sciences (GLS) Limited by the Nirma Limited.

Warner Bros. Discovery CEO explores potential deal with Paramount Global

21 Dec 2023

In a strategic move within the entertainment industry, Warner Bros. Discovery CEO David Zaslav recently engaged in talks with Paramount Global CEO Bob Bakish.

IBM to acquire Software AG’s StreamSets and webMethods platforms for €2.13 bn

20 Dec 2023

IBM on Monday announced the signing of a definitive agreement to acquire StreamSets and webMethods technology platforms from Software AG, for €2.13 billion in cash.

SpiceJet, 2 other entities show interest in bankrupt Go First

20 Dec 2023

Three companies, including budget carrier SpiceJet, Africa-focused Safrik Investments and Sharjah-based aviation company Sky One, have reportedly expressed interest in acquiring beleaguered carrier Go First.

Adani takes control of news agency IANS with 50.5% stake

16 Dec 2023

Adani Group firm AMG Media Networks has acquired a 50.50 per cent stake in news agency Indo-Asian News Service Pvt Ltd (IANS), expanding the group’s presence in the media sector.

AT&T initiates pilot deal to acquire Rivian electric vehicles, aiming to reduce costs and emissions

15 Dec 2023

In a strategic move towards sustainability and efficiency, U.S. wireless carrier AT&T has announced its collaboration with electric vehicle (EV) startup Rivian.

Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares

14 Dec 2023

Berkshire Hathaway, one of the world’s largest holding companies, acquired nearly 10.5 million shares of Occidental Petroleum.

Pfizer is set to acquire Seagen for $43 billion and create a new oncology division

13 Dec 2023

In a significant move, Pfizer has announced its anticipation of concluding the $43 billion deal to acquire cancer drug maker Seagen by 16 December 2023.

Saudis set to take control of London’s Heathrow Airport

12 Dec 2023

Investors from the Middle East, more specifically, Saudi Arabia, are all set to take majority control of London’s Heathrow Airport (LHR), the main international airport serving London

Max Healthcare to acquire Sahara Hospital for Rs940 cr

12 Dec 2023

Max Healthcare Institute has agreed to acquire Lucknow-based Sahara Hospital, as it looks to expand its operations in the country.

Occidental Petroleum to acquire CrownRock LP in $12 bn deal

12 Dec 2023

US oil company Occidental Petroleum on Monday said it has entered into an agreement to acquire Midland-based oil and gas producer CrownRock L P, for cash and stock in a transaction valued

Hindustan Unilever joins forces with Brookfield for 45 MW solar energy park

04 Dec 2023

Hindustan Unilever Ltd. announced that it is planning to set up a 45 MW solar energy park in Rajasthan in partnership with a global leader in alternative asset management, Brookfield.

Alaska Air Group Inc. acquires Hawaiian Holdings Inc. in a $1.9 billion deal

04 Dec 2023

Alaska Air Group Inc. has announced its acquisition of Hawaiian Holdings Inc. for a substantial $1.9 billion, encompassing existing debt.

UltraTech Cement set to acquire Kesoram's cement business in a Rs 5,379-crore deal

01 Dec 2023

UltraTech Cement Ltd. announced on Thursday, 30 November 2023, its plans to acquire the cement business of Kesoram Industries Ltd. in a significant all-stock transaction valued at Rs 5,379 crore.

Major U.S. health insurers Humana and Cigna set to enter merger discussions

30 Nov 2023

Cigna, a major health insurer in the U.S. healthcare sector, is reportedly engaged in discussions for a merger with its peer, Humana.

Broadcom set to finalize $69 billion VMWare acquisition

22 Nov 2023

In a significant development in the technology industry, Broadcom announced on Wednesday, 22 November 2023, that it has successfully concluded its $69 billion acquisition of cloud computing firm VMWare, marking one of the largest takeover deals in the sector.

Broadcom set to finalize $69 billion VMWare acquisition

22 Nov 2023

RBI clears Hinduja Group acquisition of Reliance Capital

19 Nov 2023

Reserve Bank of India (RBI) on Friday approved a Rs9,650 crore debt resolution plan submitted by IndusInd International Holdings Ltd (IIHL), allowing the Hinduja Group firm to take over the assets of Reliance Capital.

Tata Technologies sets IPO band at Rs475-500 a share

16 Nov 2023

Tata Technologies, which is coming out with an initial public offer (IPO), has announced a price band of Rs475-500 per share for the offer-for-sale (OFS).

Alphabet’s Google explores significant investment in chatbot startup Character.AI

11 Nov 2023

Google, a subsidiary of Alphabet Inc., is reportedly in advanced discussions to inject hundreds of millions of dollars into Character.AI, a burgeoning AI chatbot startup.

Dabur Chairman Mohit Burman assures continuity in board structure following Religare acquisition

10 Nov 2023

In the wake of the Burman family office's acquisition of a majority stake in Religare Enterprises (REL), Dabur India Chairman Mohit Burman clarified in a video call on Thursday, 9 November 2023, that there are no plans to alter the existing board of the financial services company.

Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal

07 Nov 2023

Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.